If you watched my last 2 videos, you've no doubt realized that I have a mentor helping me navigate today's interesting landscape. If you recall, he made it through the 2001 and 2007 recessions.
I am so excited about the stuff I’ve been learning and getting to share with you, and this is just the tip of the iceberg.
So if you remember, I promised you 2 questions that you could ask your sellers at the closing table, which could make you unlimited profits, well here they are... There are 2 questions 99% of all investors forget to ask their high equity seller at the closing table, and as a result leave hundreds of thousands of dollars if not more on the table.
Question 1: what else do you have?
Question 2: what are you going to do with all that money? Raising private money is not a little bit about credibility, it's all about credibility. Now, when you are sitting across the table from them, as they are receiving a check, having proven your a man or woman of your word. You're a deal maker. And you obviously have great taste in houses, heck you bought theirs. You will never have a higher position of credibility than you do at this minute. So when you ask question number 2, this is most likely how it will go.
You: "So, Mr house seller, what are you gonna do with all that money now that you've sold the old house?" (The answer is always the same!!) Seller: "Well, I was planning on paying off some bills, doing something nice for the family, then putting the rest into a CD." You: "You know, most of those CD's don't offer more than 1-1/2 to 2%. What if I told you that you could make anywhere from 6-8% investing with me in solid real estate projects just like the one we just did with you. Did you realize that the deal we just did was through a backer that was once just a seller just like you? Now he's making 6-8% on his money and couldn't be happier." Seller: "Really, Tell me more."